Musk: SpaceX expects ARR of $500 billion to $1 trillion by end of 2027

PANews reported on October 21, citing Jinshi Data, that Musk said during SpaceX's (SPCX) third-quarter earnings call that SpaceX expects annual recurring revenue (ARR) to reach $500 billion to $1 trillion by the end of 2027. Musk also said he is "fairly confident" about bringing 10 gigawatts of computing power online in 2027, and that the possibility of exceeding 20 gigawatts is "not zero"; SpaceX will deploy GrokBot to enterprises at scale within weeks; the 15th Starship test flight is expected next month and will attempt to recover both the booster and the spacecraft simultaneously for the first time. SpaceX previously reported third-quarter revenue of $14.575 billion, up 161.39% year-over-year.